Tabcorp Holdings Limited · ASX:TAH
Tabcorp — Shareholder Meeting (October 2017)
22 slides from Tabcorp's shareholder meeting presentation, Oct 27, 2017
Slide 1: Tabcorp Holdings Limited Annual General Meeting
For personal use only TABCORP HOLDINGS LIMITED ANNUAL GENERAL MEETING 27 OCTOBER 2017
Slide 2: Chairman's Address
For personal use only CHAIRMAN’S ADDRESS
Slide 3: Tabcorp Today
TA B C O R P T O D AY For personal use only WAGERING & MEDIA KENO GAMING SERVICES 3
Slide 4: FY17: An Important Year
F Y 1 7 : A N I M P O R TA N T Y E A R For personal use only o Significantly progressed our combination with Tatts Group, expected to be completed by the end of 2017 o Ongoing execution of multi-channel strategy o Launched our UK start-up, Sun Bets o Acquired and integrated Intecq, adding scale and
Slide 5: Group Results
G R O U P R E S U LT S 1 For personal use only $M FY17 FY16 CHANGE NPAT before significant items 178.9 185.9 (3.8%) Significant items (after tax)2 (199.7) (16.2) >100% Statutory NPAT (20.8) 169.7 (>100%) 1. Results include 7 months contribution from Intecq from December 2016. 2. Significant items (a
Slide 6: Tabcorp and Tatts to Combine to Create a World-Class Diversified Gambling Entertainment Group
TA B C O R P A N D TAT T S T O C O M B I N E T O C R E AT E A W O R L D - C L A S S , D I V E R S I F I E D G A M B L I N G E N T E R TA I N M E N T G R O U P For personal use only 50 An ASX50 company More than A$5 billion Expected to deliver at $50 million p.a. of Complementary in annual revenue1 l
Slide 7: Developments in Gambling Regulation
DEVELOPMENTS IN G A M B L I N G R E G U L AT I O N For personal use only o Tabcorp has welcomed recent developments in the regulation of gambling • Amendments to the Interactive Gambling Act make it clear that online betting on live sport is illegal • The offering of credit to customers by corporate
Slide 8: Board of Directors
BOARD OF DIRECTORS For personal use only Bruce Akhurst and Vickki McFadden formally commenced as Non-Executive Directors on 1 July 2017 and are standing for election today. Jane Hemstritch is retiring from the Board today. 8
Slide 9: Tabcorp Plays an Integral Role in the Industry
For personal use only TABCORP PLAYS AN IN TEGR AL ROLE IN TH E IN D U STRY $1.26 BILLION OF TAXES AND RACING INDUSTRY FUNDING IN FY17 9
Slide 10: Conclusion
CONCLUSION For personal use only o FY17 was a strategically important, but challenging year • Invested in core businesses • Strengthened risk and compliance capability • Our business is now stronger and more resilient o Our priority remains the successful completion of the Tatts combination 10
Slide 11: Managing Director and Chief Executive Officer's Address
For personal use only MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER’S ADDRESS
Slide 12: Group Results
G R O U P R E S U LT S 1 For personal use only $M FY17 FY16 CHANGE Revenue 2,229.6 2,188.7 1.9% Variable contribution 1,006.3 984.5 2.2% Operating expenses (502.2) (468.7) 7.1% EBITDA before significant items 504.1 515.8 (2.3%) D&A (178.7) (178.6) 0.1% EBIT before significant items 325.4 337.2 (3.5%
Slide 13: Wagering & Media: KPIs
WA G E R I N G & M E D I A : K P I s For personal use only $M FY17 FY16 CHANGE Revenue 1,873.0 1,873.0 0.0% EBITDA 350.0 382.1 (8.4%) EBIT 228.0 252.2 (9.6%) Note: Wagering & Media results have been prepared on a statutory basis and exclude the impact of the UK start-up, Sun Bets, that has been trea
Slide 14: Wagering & Media: FY Initiatives
WA G E R I N G & M E D I A : F Y 1 7 I N I T I AT I V E S For personal use only o Continued investment in digital transformation “We’re particularly • Successful roll-out of digital commission model to excited with the retail venue partners with effect from October 2016 direction Tabcorp is • Check
Slide 15: Gaming Services: KPIs and Highlights
GAMING SERVICES: KPIs AND HIGHLIGHTS For personal use only $M FY17 FY16 CHANGE Revenue 143.9 107.2 34.2% EBITDA 82.1 70.1 17.1% EBIT 47.9 41.0 16.8% o Further geographic expansion of Gaming Services with the acquisition of Intecq and signing of Panthers Group o TGS • Approximately 10,650 EGMs under
Slide 16: Keno: KPIs and Highlights
KENO: KPIs AND HIGHLIGHTS For personal use only $M FY17 FY16 CHANGE Revenue 212.7 208.5 2.0% EBITDA 72.0 70.3 2.4% EBIT 49.5 50.7 (2.4%) o Ongoing transformation driving growth of 3.6% o Revenue performance • VIC up 9.4% • NSW up 4.7% • QLD down 2.4% o Further progress on key strategic initiatives •
Slide 17: Our People and Culture
O U R P E O P L E A N D C U LT U R E For personal use only INTEGRITY ALWAYS CUSTOMER FIRST WIN-WIN PARTNERSHIPS EXCELLENCE 17
Slide 18: Making Tabcorp a Great Place to Work
For personal use only M A K I N G TA B C O R P A G R E AT P L A C E TO WORK Tabcorp was the only gambling company to be recognised by the Workplace Gender Equality Agency as an Employer of Choice for Gender Equality in FY17.
Slide 19: 1Q18 Trading Performance
1Q18 TRADING PERFORMANCE For personal use only Revenue 1Q18($M) 1Q17($M) CHANGE ON PCP Wagering & Media 481.5 460.9 4.5% Gaming Services 41.4 28.0 47.8% Keno 54.8 57.9 (5.3%) Sun Bets 1.1 1.0 5.3% Group Revenue 578.8 547.8 5.7% Notes: Unaudited. Wagering revenue excludes the VRI’s interest in the Jo
Slide 20: FY18 Priorities
FY18 PRIORITIES For personal use only o Complete proposed combination with Tatts Group in 2017, integration planning well advanced o Continue to drive performance in our core businesses o Ensuring the highest levels of regulatory compliance across all of our businesses o Disciplined management of op
Slide 21: Disclaimer
DISCLAIMER For personal use only This Presentation contains summary information about the current activities of Tabcorp Holdings Limited (Tabcorp) and its subsidiaries (Tabcorp Group). It should be read in conjunction with the Tabcorp Group’s other periodic and continuous disclosure announcements lo
Slide 22: To Advance the Way We Play
For personal use only TO ADVANCE THE WAY WE PLAY
Tabcorp Holdings — Shareholder Meeting (October 2017) on 6ix